LONDON (Reuters) – Royal Dutch Shell (RDSa.L) avoided its first quarterly loss in recent history, helped by a booming trading business, but announced nearly $17 billion in impairment charges reflecting a pessimistic outlook for oil and gas prices. Shell had warned last month it was set to...
Shell and BP reported the combined profits, dividends and buybacks just as wholesale gas prices began to soar. The two firms have had £660 million in tax credits in the last five years The UK’s biggest oil and gas companies raked in £10.2billion in just three months last year, fi...
MLP said that Macron sold the French societies Alstom, SFR… It’s like saying Hillary “sold” Uranium One; neither “sold” anything as they didn’t own either, they just authorized the operations to go through obviously. It’s idiomatic, it’s a matter of context, intelligent people don...
There's still some though who don't want to listen, who blame high fuel/food prices on speculators & greedy oil companies and therefore somehow convince themselves that there isn't really a problem. I find that logic really hard to follow - I mean, if the truth is there's no oil shor...
Some populaces will even welcome it. NIMBYism will limit coal in the USA. Along with alternatives, conveniently. But that gap between production cost and selling price is ever shrinking. Someone here has been illustrating that with oil production. Extraction costs are rising faster than prices.....
NEW YORK (CNNMoney.com) -- A key index of consumer prices rose in August, but sank significantly over the past 12 months, the government said Wednesday. The Consumer Price Index, the Labor Department's key measure of inflation, rose 0.4% in August on a monthly basis. Economists surveyed...
LONDON, April 2 (Reuters) – Royal Dutch Shell last year experienced a sharp rise in the number of oil spills caused by pipeline theft in Nigeria, which the company said were the result of larger output and higher oil prices. The number of spills caused by sabotage and theft in the Niger...
A global glut of oil and natural gas has sent prices tumbling over the last two years, and profits are evaporating. Improving auto fuel efficiency standards threaten to depress oil consumption eventually, and fleets of electric vehicles are gradually emerging in China and a few other important ma...
Proportionally, the USA has increased it's drilling effort compared to the rest of the world and currently benefits from lower oil prices, significantly lower natural gas prices and higher economic growth than many OECD peers. Does the rest of the world need to wake up and to drill baby dril...